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Gold demand dips in India

Dec. 7 (Bloomberg) -- India's gold imports plunged for the second straight month from a year earlier after a rally to a 27- year high curbed jewelry demand in the world's biggest consumer of bullion during the traditional peak consumption season.

Purchases in November fell to 12 metric tons from 59 tons a year earlier, according to the Bombay Bullion Association, which represents 230 trading companies. Imports slumped to 14 tons in October from 68 tons a year earlier. The data is preliminary and will be finalized by the year-end.
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